2006 Annual Report - Blyth - Investor Relations

Recommendations

Info

On the Cover: Top Row: Blyth Homescents private label Orange & Jasmine pillar and jar candles and Gardenia & Lily jar candle; Miles Kimball ® brand geese with bee and sunflower goose outfits; CBK ® brand Casa Cristina collection ceramic jugs; Colonial Candle brand Orchid Sake potpourri and oval jar candle and French Lavender oval jar candles. Second Row: PartyLite ® brand Sunesta collection hurricanes and sun votive sconce, Mediterraneo brick tray and Blue Tamarind pillar candles, Scent Plus ® votive candle, crackle 3-wick brick candle and Trumpet Bestburn ® jar candle; Two Sisters Gourmet brand Tartelettes, beer bread mix, blackberry cherry pepper conserve, pear fig preserves and artichoke pesto; PartyLite ® brand Infinite Reflections candle holder and Spiced Vanilla ball candles; Gies ® brand Stripes collection votive candle, pillar candles and terracotta bowl candles, hanging glass lanterns and Classic collection wax container candle. Third Row: Exposures ® brand crystal and enamel frames; Euro-Decor ® brand permanent orchid; Seasons of Cannon Falls ® brand Serenity collection nativity scene, angel ornament and ornament hanger; Boca Java brand coffee, hot cocoa, travel tumbler, mug and chocolate covered cookies. Bottom Row: Purple Tree brand java bag and girlfriend card set; Sterno ® brand canned cooking fuel; Colonial brand pillar candles; Edelman ® brand colored glass vases.
Financial Highlights Year Ended January 31, (In Thousands, Except Per Share Data) 2005 2006 Operating Results Net Sales $1,586,297 $1,573,076 Gross Profit 771,680 713,266 Operating Profit 169,330 56,172 Net Earnings 96,514 24,857 Diluted Net Earnings Per Common and Common Equivalent Share $ 2.22 $ 0.60 Diluted Weighted Average Number of Common Shares Outstanding 43,556 41,176 Financial Position Total Assets $1,075,820 $1,116,520 Total Cash and Cash Equivalents 91,695 242,068 Total Debt 287,875 371,742 Total Stockholders' Equity 521,349 493,824 Operating Results Excluding One-Time Charges (1) Operating Profit $ 169,330 $ 109,433 Net Earnings 96,514 64,891 Diluted Net Earnings Per Common and Common Equivalent Share $ 2.22 $ 1.56 Diluted Weighted Average Number of Common Shares Outstanding 43,556 41,176 (1) The revised Operating Results exclude the following one-time charges and credits for the fiscal year ended January 31, 2006: a non-cash pre-tax goodwill impairment charge of $53.3 million arising from a re-evaluation of goodwill associated with the Wholesale segment, a pre-tax book loss of $1.6 million on the sale of Impact Plastics, a tax expense of $9.1 million to recognize the income tax liability associated with repatriating $130 million in foreign earnings under the American Jobs Creation Act of 2004 and tax credits of $8.5 million, primarily due to the reversal of contingent tax liabilities and also due to prior year true ups. 1
Page 1: 2006 Annual Report
Page 5 and 6: Act of 2004, the pre-tax book loss
Page 7 and 8: in Two Sisters Gourmet, a small par
Page 9 and 10: PartyLite ® brand Clean Lines voti
Page 11 and 12: CBK ® brand pillow, Casa Cristina
Page 13 and 14: Exposures ® brand Vintage Frame co
Page 15 and 16: DIRECTORS ROGER A. ANDERSON 1, 3 Ch

2006 Annual Report - Blyth - Investor Relations

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?